BRC Inc. (NYSE:BRCC – Get Rating) has received a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.67.
BRCC has been the subject of several recent research reports. Tigress Financial reissued a "buy" rating and issued a $19.00 price target on shares of BRC in a research report on Friday. Telsey Advisory Group reduced their target price on BRC from $18.00 to $12.00 and set an "outperform" rating on the stock in a research report on Friday, November 11th. DA Davidson reduced their target price on BRC from $19.00 to $15.00 in a research report on Friday, November 11th. Truist Financial reduced their target price on BRC to $10.00 in a research report on Wednesday, November 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on BRC from $12.00 to $9.00 in a research report on Friday, November 11th.
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Insider Buying and Selling at BRC
In related news, Director Glenn W. Welling bought 15,000 shares of the stock in a transaction dated Monday, December 12th. The shares were purchased at an average price of $6.17 per share, for a total transaction of $92,550.00. Following the completion of the purchase, the director now directly owns 843,144 shares of the company's stock, valued at $5,202,198.48. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Glenn W. Welling bought 15,000 shares of the stock in a transaction dated Monday, December 12th. The shares were purchased at an average price of $6.17 per share, for a total transaction of $92,550.00. Following the completion of the purchase, the director now directly owns 843,144 shares of the company's stock, valued at $5,202,198.48. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Glenn W. Welling purchased 20,000 shares of the stock in a transaction on Friday, December 16th. The shares were acquired at an average price of $6.76 per share, for a total transaction of $135,200.00. Following the transaction, the director now directly owns 900,432 shares of the company's stock, valued at approximately $6,086,920.32. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 67,712 shares of company stock worth $430,991.
Hedge Funds Weigh In On BRC
A number of hedge funds have recently bought and sold shares of BRCC. Cambridge Investment Research Advisors Inc. acquired a new position in shares of BRC during the second quarter valued at approximately $84,000. Insight Advisors LLC PA raised its holdings in shares of BRC by 50.0% during the second quarter. Insight Advisors LLC PA now owns 18,300 shares of the company's stock valued at $164,000 after acquiring an additional 6,100 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of BRC during the second quarter valued at approximately $188,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of BRC during the second quarter valued at approximately $82,000. Finally, Zazove Associates LLC acquired a new position in shares of BRC during the third quarter valued at approximately $812,000. Hedge funds and other institutional investors own 12.98% of the company's stock.
BRC Stock Up 3.1 %
Shares of NYSE BRCC opened at $6.27 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.35 and a debt-to-equity ratio of 0.15. BRC has a twelve month low of $5.75 and a twelve month high of $34.00. The business has a fifty day simple moving average of $6.26 and a two-hundred day simple moving average of $7.62.
BRC (NYSE:BRCC – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $75.49 million during the quarter, compared to the consensus estimate of $75.79 million. BRC had a negative return on equity of 772.78% and a negative net margin of 29.45%. Equities research analysts predict that BRC will post 4.29 earnings per share for the current fiscal year.
About BRC
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BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel. The company also produces media content; podcasts; and digital and print journals, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.
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